09-25-2014, 09:20 PM
Jimbo: I'm not sure I really do want to retire. I have some things I want to do that I have no leisure time to do now but I enjoy doing something challenging especially when there's a paycheck involved with it.
Eric: I feel your pain with MAT. I think that's going to be at least a couple year turnaround as I don't see management getting a fire lit yet. Funny you should mention reinvesting. I recently turned off reinvestment on all the companies that are over their allocation in my spreadsheet with an eye to build up the under-allocated stocks when the price is right. Decided I've done enough trimming for now. But yes, it is nice to watch those reinvestments when the price takes a hit.
To add to the excitement, with today's blip in the market and talking heads wringing their hands in panic, I've added a third tranch of AVA when my standing limit order hit just pennies above the low for the day. That brings AVA up to 3/4 of my desired holding. I've averaged down with each purchase and brought my blended current yield over 4%.
Likewise, another limit order filled for BBL bringing me just short of 2% of my portfolio, my desired allocation. I'll let reinvested dividends do the rest of the work. If next year's projected earnings are close to the 32% drop expected, the payout ratio will be about 65% -- still manageable although dividend growth may slow. In the meantime, I'll enjoy the 4.1% yield.
Still setting on about 5% cash and have a couple very lowball limit orders. Now if only Mr. Market would cooperate.
Eric: I feel your pain with MAT. I think that's going to be at least a couple year turnaround as I don't see management getting a fire lit yet. Funny you should mention reinvesting. I recently turned off reinvestment on all the companies that are over their allocation in my spreadsheet with an eye to build up the under-allocated stocks when the price is right. Decided I've done enough trimming for now. But yes, it is nice to watch those reinvestments when the price takes a hit.
To add to the excitement, with today's blip in the market and talking heads wringing their hands in panic, I've added a third tranch of AVA when my standing limit order hit just pennies above the low for the day. That brings AVA up to 3/4 of my desired holding. I've averaged down with each purchase and brought my blended current yield over 4%.
Likewise, another limit order filled for BBL bringing me just short of 2% of my portfolio, my desired allocation. I'll let reinvested dividends do the rest of the work. If next year's projected earnings are close to the 32% drop expected, the payout ratio will be about 65% -- still manageable although dividend growth may slow. In the meantime, I'll enjoy the 4.1% yield.
Still setting on about 5% cash and have a couple very lowball limit orders. Now if only Mr. Market would cooperate.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan